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Jack owns a local trucking company. With fuel costs being expensive, Jack wants to evaluate how much fuel, on average, he should store in his 9,000 gallon fuel tank. Each year Jack uses 90,000 gallons of diesel (usage is spread evenly throughout the year). Jack knows with certainly that he can have a load of fuel delivered in 5 days. The price of fuel is $3.09 per gallon and there is a separate $120 ordering fee per order. Jack thinks his holding cost per unit is 30%. If Jack orders at EOQ, what will be the average inventory of fuel in his 9,000 gallon tank?
A. ≈1,206 gallons
B. ≈2,578 gallons
C. ≈2,413 gallons
D. ≈2,290 gallons
The following sign is on my bank’s drive through window – “Deposits after 4:00 will be processed on our next working day”. What type of processing system is being used for these after-hour deposits?
Based on the original objective function, would you recommend that they accept the offer? d. Assuming that Sydneyville purchases the 50 square feet of maple, how is the optimal solution affected?
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Select either an international service organization or a multinational corporation and conduct a preliminary assessment of their website.
Each of the locations has a demand potential of 300 units per week. Which location would yield the lowest transportation costs for the system?
Please describe the various sources of debt capital and the advantages and disadvantages of each: banks, asset based lenders, vendors (trade credit), equipment suppliers, commercial finance companies, savings-and-loan associations, stockbrokers, cred..
Discuss to what extent these two aspects of control work together in successful organizations. Be sure to give an example or two to support the position you take on this.
Provide 2 insights on the section of Chapter 6 that discusses the impact of money and rewards. What did you learn? Do you agree or disagree with any of the concepts presented in this section? Which rewards would motivate you to do work harder at your..
McBurger, Inc., wants to redesign its kitchens to improve productivity and quality. Three designs, called designs K1, K2, and K3, are under consideration. No matter which design is used, daily production of sandwiches at a typical McBurger restaurant..
Using the traditional method, which refers to maximizing the contribution margin per unit for each product, what is the optimal product mix and resulting profit
The employee notified the facility union representative, who promptly called OSHA to report the concerns. Subsequently, OSHA arrived and conducted an inspection; multiple violations were issued to the company concerning forklift operators who had ..
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